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  • Job market gains could lead Fed to taper QE3 early

    Chairman of the Federal Reserve Bank Bernanke attends the Treasury Department's Financial Stability Oversight Council in WashingtonBy Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting. Much will depend on how economic data, which has given mixed signals for growth prospects, develops over the next few months. Reports on job growth in particular will go a long way in helping Fed officials determine whether the time is right to trim the pace of their $85 billion in monthly purchases. The marked improvement in the labor market since the U.S. ...


  • BoE's King sends message to successor Carney

    Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in AylesburyBy William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low. King also said the bank could not be run as "a one-man show," a sign of concern at high expectations that the arrival of the Canadian will lead to a quick fix for Britain's slow economy. In an interview with Sky News television broadcast on Sunday, King praised Carney, saying Britain was fortunate to have him. ...


  • Saudi vegetable seller dies from self-immolation
    RIYADH, Saudi Arabia (AP) — A Saudi newspaper says a vegetable seller who set himself on fire in Riyadh after police confiscated his goods for standing in an unauthorized area has died.
  • Egyptian police block Israel border crossing in fury at kidnapping
    CAIRO (Reuters) - Egyptian police enraged by the kidnapping of seven of their colleagues by Islamist gunmen in the Sinai Peninsula blocked a commercial border crossing with Israel on Sunday, security sources said. Police have been blocking another border post, the Rafah crossing into the Gaza Strip, since Friday to press the government of Egyptian President Mohamed Mursi, who belongs to the Muslim Brotherhood, to help free the seven. ...
  • S.Africa's NUM seeks 15-60 pct wage hikes from gold, coal producers

    (Blank Headline Received)By Ed Stoddard JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ever. NUM said it was seeking an entry-level minimum monthly wage of 7,000 rand for surface workers and 8,000 rand for those underground in a submission to the country's Chamber of Mines, a copy of which was seen by Reuters. ...


  • Honeybees trained in Croatia to find land mines

    In this Wednesday, May 15, 2013 photo, a scientist inspects bees during a scientific experiment at the Faculty of Agriculture at Zagreb University. Croatian researches, working on a unique method to find unexploded mines that are littering their country and the rest of the Balkans, are confident they can use bees for detecting land mines. (AP Photo/Darko Bandic)ZAGREB, Croatia (AP) — Mirjana Filipovic is still haunted by the land mine blast that killed her boyfriend and blew off her left leg while on a fishing trip nearly a decade ago. It happened in a field that was supposedly de-mined.


 

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